Beazley (LON:BEZ)‘s stock had its “overweight” rating reiterated by stock analysts at Peel Hunt in a report released on Friday, Digital Look reports. They presently have a GBX 450 ($5.88) price target on the stock, down from their previous price target of GBX 460 ($6.01). Peel Hunt’s price target suggests a potential downside of 13.96% from the stock’s current price.
A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Beazley from GBX 665 ($8.69) to GBX 630 ($8.23) and set an “overweight” rating for the company in a research report on Monday, September 16th. Royal Bank of Canada decreased their price objective on shares of Beazley from GBX 700 ($9.15) to GBX 675 ($8.82) and set a “top pick” rating for the company in a research report on Friday, July 19th. Shore Capital reissued a “buy” rating on shares of Beazley in a research report on Tuesday, July 23rd. Finally, UBS Group reissued a “buy” rating on shares of Beazley in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 598 ($7.81).
Shares of BEZ traded down GBX 3 ($0.04) during midday trading on Friday, reaching GBX 523 ($6.83). The stock had a trading volume of 1,010,559 shares, compared to its average volume of 2,070,000. The firm has a 50 day simple moving average of GBX 600.18 and a 200-day simple moving average of GBX 576.61. Beazley has a one year low of GBX 486.60 ($6.36) and a one year high of GBX 634 ($8.28). The firm has a market cap of $2.82 billion and a PE ratio of 17.26. The company has a current ratio of 13.44, a quick ratio of 11.23 and a debt-to-equity ratio of 25.45.
Beazley Company Profile
Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.
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